The Guardian has this opinion piece on its web site – see link above
This is an interesting piece indeed and I agree with its general thrust.
On austerity though Aditya Chakrabortty tells us that there was an alternative to it. Well yes there may well have been but how come the UK’s 3 major political parties went into the 2010 General Election promoting austerity (in one form or another) as the major solution to the mess our economy had gotten into? The brightest minds in all 3 political parties seem to have reached a similar conclusion, some even thought that Alistair Darlings Labour version of austerity could well have been worse than the Tory plan although clearly he was not given the chance to implement it.
My personal view is that a form of austerity was always on the cards as part of the overall solution to the economic crash, together with tax increases and of course dealing with tax avoidance.
That it (tax avoidance) is legal in this day and age speaks volumes because of course it’s only the seriously wealthy who can engage in it. Tax rules for the poor and tax avoidance for the rich you might say.
Also the ‘Three hundred billion quid’ referred to in the opinion piece is not what the Treasury would or could have picked up surely but only the avoided tax upon it.
But quibbling aside, as I say, the general thrust of this piece is right; there’s no place for offshore money or tax avoidance in a functioning democracy. Time to stop both UK Government.
With thanks to Roy Connell for the lead to this posting.